- Certificates of Deposit
Certificate of Deposit (CD) is relatively a short tenor and less risky investment product that is mainly determined by fixed rates of interest paid at redemption with a tenor as low as 3 months.
We provide our clients with a wide selection of Certificates of Deposit issued by reputable organizations worldwide. You can choose from different types of Certificates of Deposit with various tenors and currency denominations to best suit your investment objectives.
Important Note: Certificates of Deposit (CD) is an investment product and not equivalent to a time deposit. CD is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
*Certificates of Deposit is only applicable to Citigold Private Client, Citigold, Citi Priority and Citibanking clients.
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Tenor as short as
Relatively low risk
Selected issuers with high credit quality
Receive principal upon maturity and coupon payment
|Selected Issuers||Product Features|
|Bank of China HK||Currency: USD / HKD / AUD
Tenor: 3 - 12 months
Indicative Product Risk Level:1 or 2
Yield to Maturity and Issuer Short Term Credit Rating:
Refer to Certificates of Deposit List
|Bank of Communications HK|
|China Construction Bank HK|
|Agricultural Bank of China HK|
|ICBC (ASIA) HK|
|Standard Chartered Bank Singapore|
*Information is for reference only. For details, please refer to Certificates of Deposit List.
What are Certificates of Deposit?
Certificates of Deposit is a type of debt securities which is very similar to Bonds. Certificates of Deposit is usually simple (i.e. without any call, early redemption or any other complicated features), relatively short tenor and less risky (product risk rating 1 or 2) compared to other investment products, which is ideal for conservative client who is looking for return higher than traditional deposit products.
How do Certificates of Deposit work in general?
When investor purchases the Certificates of Deposit, investor’s money will be kept by the Issuer for an agreed period. In return, investors will receive the repayment of principal and a fixed interest payment upon maturity.
What are Certificates of Deposit?
Certificates of Deposit is a type of debt securities that has a short tenor. It comes with simple features and has less risk as compared to other investment products. It is also similar to bonds and is ideal for customers who want higher returns (than traditional deposit products) with fewer risks.
How do Certificates of Deposit work?
After purchasing Certificates of Deposit, the investor’s money is kept by the Issuer for a specific and agreed period. The investor gets the money back as repayment of principal and the interest payment upon maturity.
What is the tenor of Certificates of Deposit?
The tenor of Certificates of Deposit can be from 3 months to up to 12 months. You can purchase it at a discounted value and get the amount redeemed for its full face-value upon maturity.
What is product risk rating?
Product risk rating, as the name suggests, is a numeric rating of a product. The rating indicates a product’s level of risk which is measured on a scale of 1 to 6, where 1 is the lowest and 6 is the highest category.
This publication is for information and reference purpose only. Citibank (Hong Kong) Limited, Citigroup Inc., or any of its subsidiaries makes no warranty as to the accuracy or completeness of information provided herein. It does not constitute a solicitation, nor an offer with respect to the purchase or sale of any security. Certificates of Deposit is an investment product and not equivalent to a time deposit. CD is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong
Certificates of Deposit involves risks, including the possible loss of the principal amount invested. Unless specified, these investments are not obligations of, or guaranteed or insured by Citibank (Hong Kong) Limited, Citibank N.A., Citigroup Inc. or any of its affiliates or subsidiaries, or by any local government or insurance agency. Investors investing in Certificates of Deposit denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Certificates of Deposit prices may go down as well as up. Citibank (Hong Kong) Limited does not guarantee the existence of a secondary market for Certificates of Deposit. Investment products are not available for U.S. persons and might only be applicable to limited jurisdiction.
Notes on Product Risk Ratings:
The numeric product rating of a product is an indication of its risk on a scale of 1 to 6, where 1 is the lowest and 6 the highest risk category. Higher product risk ratings will tend to primarily reflect greater volatility of the market factors affecting the product’s value than for lower risk products. Higher product risk ratings also apply to products with restrictions on redemptions, products that are infrequently traded or other factors affecting the determination of a realizable market price. The Product Ratings are not intended to consider additional risk factors that are external to the product. Examples of such external factors include investments funded with loans and translation risk of products denominated in currencies other than the investor’s home currency. Please refer to the Bond List which provide general guidance on what product ratings are intended to indicate. Investors must understand that market conditions change and the product’s risk may increase or decrease over its life. If you require further clarification on product ratings, please ask your Relationship Professional.